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Coverage against financial loss, such as from illness or injury, procured by contract from a company or agency that provides such protection.
[Fr., fr. enseurer, to make certain, fr. L. securus, safe, free from care]
Farlex Partner Medical Dictionary © Farlex 2012


Vox populi A contractual relationship when one party–an insurance company or underwriter, in consideration of a fixed sum–a premium, agrees to pay on behalf another–an insured, or policyholder for covered losses, up to the limits purchased, caused by designated contingencies listed in the policy. See Adoption insurance, Cancer insurance, Catastrophic health insurance, Co-insurance, Comprehensive major medical insurance, Disability insurance, Group insurance, Hospitalization insurance, Indemnity insurance, Major medical insurance, Medical expense insurance, Medicare supplement insurance, National health insurance, Nationalized health insurance, Noncancellable insurance, Personal insurance, Reinsurance, Self-insurance, Workers compensation insurance.
McGraw-Hill Concise Dictionary of Modern Medicine. © 2002 by The McGraw-Hill Companies, Inc.


A contractual arrangement whereby one party agrees to indemnify the other against financial or other specified loss during a stated period in the future.
Medical Dictionary for the Health Professions and Nursing © Farlex 2012


Coverage against financial loss procured by contract from a company that provides such protection.
Medical Dictionary for the Dental Professions © Farlex 2012

Patient discussion about insurance

Q. what is public health insurance

A. Public health insurance programs in the U.S. provide the primary source of health expenses coverage for most seniors and for low-income children and families who meet certain eligibility requirements. The primary public programs are Medicare, a federal social insurance program for seniors and certain disabled individuals and Medicaid, funded jointly by the federal government and states but administered at the state level, which covers certain very low income children and their families. In 2006, there were 47 million people in the United States (16% of the population) who were without health insurance for at least part of that year.

Q. I need help getting health insurance is it expensive?

A. I am currently looking for insurance too. Do have you applied for public health insurance?


A. Yes, it'll you cost you money, and not a negligible sum, but that's not necessarily means it'll be expensive - the alternative may eventually be much more expensive. We can never know what will happen tomorrow- if something will happen to you or your family (e.g. car accident, cancer or even relatively simple thing as appendicitis), the cost of the unavoidable medical treatment in this case will be much higher than the insurance premium.

Here ( you can find an official governmental guide to choosing health insurance.

More discussions about insurance
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References in periodicals archive ?
ambiguity and inconsistency built into the insurable interest doctrine
Under Michigan law an insured must have an 'insurable interest' to support the existence of a valid insurance policy.
Typically, an insurable interest exists where there is a family relationship, including marriage, between the insured and the policyowner.
Part III examines the sections of the 2009 amendment relating to insurable interest, the insured's duty of disclosure, the interpretation of contractual clauses, double insurance, and insurance fraud.
In this case, Hawley sold two North Central policies to farmers who later admitted they did not have insurable interests in the crops they insured.
An insurable interest exists when the beneficiary has a reasonable expectation that he will benefit--by love, affection, or finances--from the continued life and health of the person who is insured.
This will, of course, be subject to insurable interest and other applicable underwriting norms of the respective insurers.
However, if the law in the state of the donor's domicile does not recognize that a charity has an insurable interest in the life of the donor, complications may arise.
Banks may purchase variable life insurance, provided it is for the purpose of "hedging their obligations under employee compensation and benefit plans." In selecting the employees to be insured, a bank must be mindful of the state "insurable interest" requirements (see discussion, page 447).
(See "If A Stranger Calls," IA May 2008) When a person buys a policy, it's usually because she wants to protect an insurable interest--say, her husband's insurable interest in her, or her children's, or that of a business partner.
This Note shows that SPIN-Life insurance policies contradict the nature and purpose of life insurance and should be considered securities or wagers, not insurance contracts; make human lives a commodity; violate current insurable interest laws and public policy against wager contracts; and should be declared void ab initio.
Commodities law formerly imposed a gate-keeping requirement on the types of permissible derivatives contracts that served a similar function to the insurable interest requirement for insurance policies.